More U.S. Latinos are considering home ownership as the cost of renting soars across the nation, according to a renter survey conducted by the banking institution TD Bank. In fact, the new report says within the next two years, Latinos are nine percent more likely than the general market to purchase a home (42 percent compared to 31 percent).
According to new research, 91 percent of Hispanic women, deemed "the New Power Buyer," believe that purchasing a home is the best financial investment that a person can make, and they're making strides toward acquiring their desired homes.
National Association of Hispanic Real Estate Professionals' Hispanic Wealth Project has received the support of an American multinational financial institution, which posseses a $125 billion lending goal, helping to increase the number of Hispanic home mortgage consultants, support financial education and counseling, and triple Hispanic household wealth over 10 years.
The Hispanic Federation and the New York Urban League have joined forces to introduce a new public education campaign, "¡Mi Primera Casa!" or "My First Home!," to increase multicultural access to home ownership.
Hispanic homebuyers are ready to move the housing market, according to a new report. More than half of Hispanic homebuyers are comfortable with making a down payment of 20 percent or more on an affordable new home. Additionally, most Hispanics plan to buy their first home within the next five years.
According to a new report, Latinos aspire to home ownership, but many lack the savings, down payment and/or credit to purchase a home. To a greater extent, home ownership eludes the U.S. Hispanic population.
